When the price of good A rises, people start to drink good B. In this case, what is good B considered?
Demand & Law of Demand

Quiz
•
Social Studies
•
9th - 12th Grade
•
Hard
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
luxury good
complementary good
substitute good
normal good
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between the Price and Quantity Demanded?
Positive Relationship
Direct Relationship
Inverse Relationship
Mixed Relationship
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt

4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The desire to have some good or service and the ability to pay for it
supply
equilibrium
demand
quantity demanded
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The law of demand states; there is an INVERSE relationship between price and quantity demanded. Which of the following is not a true statement?
Price goes up qty demanded goes down.
Price goes down, qty demanded goes up.
Price goes up, demand goes down.
All answers are correct.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is a decrease in the price of a good illustrated on a demand graph?
The demand curve shifts to the right.
The demand curve shifts to the left
There is upward movement along the demand curve
There is downward movement along the demand curve.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A change in the price of a good causes people to buy more or less of an item. This best describes the concept of
the demand curve
change in quantity demanded
change in demand
elasticity
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